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Multliple location Sports Retail

Knoxville, TN (Knox County)

Seller Financing Available
Multliple location Sports Retail

Asking Price:$1,500,000

Cash Flow:$261,849

Gross Revenue:$2,775,388

EBITDA:N/A

FF&E:$33,500

Inventory:$1,000,000

Lease Rate:N/A /SF

Established:2004

Multliple location Sports Retail

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Business Description

Multi-unit specialty sports retail and online business generating nearly three million in revenues and cash flowing over $260/k yearly. With locations in East Tennessee, Southern Alabama and Eastern Virginia the opportunities are open for growth within the markets and beyond. The owners have established a strong network of clients within the markets and have a growing online business creating convenience for clients and generating out of market sales. Additional sales are generated from booth sales at special events and marketing shows. Have established relationships with Universities, high schools and private and public teams.
Owners will offer 30 days training for a smooth conversion. Owners will consider additional time if requested based on an agreeable payment structure and time.
Business supports an inventory of one million dollars but may move a little up or down based on seasonal requirements. The inventory is included in the sale price and will be free and clear from any debt at sale.
If you are sports minded and want to operate a successful sport orientated business with opportunity to expand the existing locations and add additional stores for growth this thirteen year old business may be for you. PLUS, owner is open to owner financing.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
7 f - 9 p
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Multiple locations @ Retail 4,900 sq. ft. / Warehouse 2,400 sq. ft. Retail 1,600 sq. ft. / Retail 500 +/- sq. ft. Total rent for all locations is $8,400 per month plus a total C.A.M. of $665 per month. All assignable with landlord’s approval. Three locations include over $30/k in FF&E.
Competition:
Well positioned in markets with little competition
Growth & Expansion:
Unlimited through client growth, internet sales and expansion.
Financing:
open to discussion
Support & Training:
30 days by owner no cost / additional if needed with payment agreement
Reason for Selling:
Semi retirement

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Darrel Sheley

Business Listed By:
Darrel Sheley

TNBusiness Brokers

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